Rossville, Tennessee Property Taxes
The median property tax rate in Rossville, TN is 0.32%, significantly lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in Rossville, the typical annual property tax bill reaches $758, which is well below the national median of $2,690. Property taxes in Rossville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rossville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rossville or another part of Fayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rossville, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$604
$560
Ownwell’s Rossville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rossville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rossville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rossville, Tennessee
Property taxes in Rossville, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rossville is 0.48%, significantly lower than the U.S. national median of 0.99%. Local government entities within Rossville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rossville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. Understanding how Rossville's effective property tax rate compares to other counties in Tennessee and the national median provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rossville Tax Rate
0.32%
Average Fayette County Tax Rate
0.32%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rossville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38066 | 0.32% | 0.32% | 0.32% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Rossville, Tennessee
In Rossville, Tennessee, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Fayette County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Rossville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Rossville is $188,700, with tax bills ranging from $219 at the 25th percentile to $2,612 at the 90th percentile. The zip code 38066 has both the highest and lowest median tax bill of $758. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rossville Assessed Value
$188,700
Average Fayette County Assessed Value
$164,200
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rossville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38066 | $33,800 | $65,200 | $188,700 | $415,750 | $514,400 |
Source: Ownwell
Property Tax Bills Across Rossville, Tennessee
In Rossville, Fayette County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Rossville is $188,700. Property tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Rossville experience a range of tax bills, with the 25th percentile paying around $219, while those in the 75th percentile see bills up to $2,014. At the 90th percentile, tax bills can reach as high as $2,612. These tax bills are influenced by several factors, including the local tax rate, property assessments, and any applicable exemptions. The highest and lowest median tax bills in Rossville both stand at $758, which provides a benchmark for comparison within the area. Understanding these factors is crucial for homeowners as property taxes significantly impact annual housing costs and overall affordability. Comparing these figures to the national median property tax rate of 0.99% helps contextualize the local tax burden.
Average Rossville Tax Bill
$758
Average Fayette County Tax Bill
$616
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Rossville, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38066 | $114 | $219 | $758 | $2,014 | $2,612 |
Source: Ownwell